Ukraine Opens Polkadot Wallet for War Fundraising; Founder Wood Donates $5M in DOT

The Wood donation sent Tuesday brings the total amount of DOT contributed to 309,939 DOT ($6.0 million) as of press time.

Mar 1, 2022 at 7:26 a.m. UTC
Updated Mar 10, 2022 at 8:33 p.m. UTC

Ukraine expanded its cryptocurrency fundraising efforts by opening a Polkadot wallet after promises of a $5 million personal donation from Polkadot founder Gavin Wood.

  • The Wood donation brings the total amount of DOT contributed to 309,939 DOT ($6.0 million) as of press time.
  • It comes as crypto holders the world over pour donations into the war-torn country. Over $20 million in crypto donations have been sent so far, with Binance donating $10 million and industry leaders Sam Bankman-Fried and Deepak Thapliyal also contributing large sums.
  • According to digital asset research firm Elliptic, there have been more than 24,000 digital asset donations since the start of the Russian invasion. One bitcoin (BTC) whale donated $3 million alone.
  • DOT is currently trading at $19.36, according to CoinGecko, up 13% in 24 hours as the crypto market continues to rally.

UPDATE (March 1, 14:30 UTC): Adds Wood donation. Updates numbers.

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
Sequoia's Guide to Surviving the 2022 Bear Market

Venture capitalists have gotten increasingly frantic over the last few months.

Venture capitalists have gotten increasingly frantic over the last few months.

CoinDesk - Unknown
2
CoinDesk - Unknown
NFT Art Museums Are a Good Idea

The metaverse turns galleries global, and helps fund the arts. This article is part of “Metaverse Week."

The metaverse turns galleries global, and helps fund the arts. This article is part of “Metaverse Week."

CoinDesk - Unknown
3
CoinDesk - Unknown
How the US Can Establish Itself as a Crypto Leader

Regulators have an opportunity to map out thoughtful, strategic policy on stablecoins and beyond.

Regulators have an opportunity to map out thoughtful, strategic policy on stablecoins and beyond.

CoinDesk - Unknown
4
CoinDesk - Unknown
No, the UK Is Not Going to Make USDC and USDT Legal Tender

For “legalize” read “regulate.”

For “legalize” read “regulate.”

CoinDesk - Unknown